Angloplat execs examine growing debt 9th November 2004

Angloplat has held a meeting with analysts and other experts to examine the current debt levels at the platinum miner.

Executives at the world's biggest platinum producer met in Johannesburg with cost forecasts and the company's financial standing also under the spotlight.

Chief executive Ralph Havenstein, finance director Roeland van Kerckhoven, investor-relations manager Trevor Raymond and spokesman Mike Mtakati led the forum.

According to reports on Business Day, the company's debt is now put at R2.5 billion, up from R2 billion in July, while costs are expected to surpass forecasts by around three per cent.

While further precise details of the meeting were kept confidential, Mr Raymond said that the information was not particularly "sensitive" but analytical.

"This is a forum where we provide insight into publicly available information," he explained.

"This is one of the regular meetings we have between the market and Anglo Platinum management. The invitees present are done on a rotational basis, and callers on the line are unable to ask questions."


ADNFCR-8000075-ID-19142899-ADNFCR© Adfero Ltd



Related articles